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    Principles of Macroeconomics Study Set 8
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    Exam 7: Consumers Producers and the Efficiency of Markets: Market Efficiency
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    Total Surplus in a Market Is Equal to
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Total Surplus in a Market Is Equal to

Question 64

Question 64

Multiple Choice

Total surplus in a market is equal to


A) value to buyers - amount paid by buyers.
B) amount received by sellers - costs of sellers.
C) value to buyers - costs of sellers.
D) amount received by sellers - amount paid by buyers.

Correct Answer:

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